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External consultant for SAIL performance review likely

By Niranjan Mudholkar,

Added 25 November 2015

Steel Minister emphasizes the significance of cost reduction at all levels.

Tomar directed that an external consultant may also be appointed by Ministry of Steel for a 360 degree review of SAIL's structure. The consultant may have the mandate to identify critical projects and bottlenecks therein, to recommend a holistic operational and marketing strategy, to propose a time-bound and outcome-oriented turnaround strategy and to monitor and steer the execution of this strategy in close coordination with Ministry of Steel.

 The Secretary, Steel Aruna Sundararajan remarked that SAIL is at its tipping point in its corporate journey. It needs to act judiciously & fast at this critical juncture. The action plan presented by SAIL in the meeting needs to be implemented effectively, she added. She emphasized that the aim should be to enhance NSR and reduce the cost of operation, so that the company attains positive margin in the second half of 2015-16.
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